A financier will be very concerned if management information systems are inadequate. Management of a business is always limited by the quality of the information available. Only then do they read the rest of the plan to confirm their decision. Detailed business plans are often quickly shelved, because they are difficult to use on an ongoing basis. Sources of start up funding, from banks to investors and grants to personal savings.
If you’re wondering how to start a business, there are some key decisions you will need to make before starting up. As well as your product or service, you may want to choose your business’ name, its structure and how you are going to run it. It is also important to think about how you are going to attract customers and where you will get the money for starting up. Limited company, partnership, sole trader…the legal structure you choose … Read More